From: Kay Bowers [mailto:kbowers@blounthabitat.org]
Sent: Friday, September 17, 2004 5:24 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
I oppose the FDIC's proposal to allow banks with assets above 250
million to be examined as small banks under the Community Reinvestment
Act. The policy would reduce lending investments and services in
low-income communities. Under the proposed changes the number of banks
in Tennessee subject to a full CRA exam would be reduced from 46 down to
6. In an economy where so many low and moderate income families are
struggling to meet their basic needs, action of this sort resulting in
reduced investment as opposed to increased investment just is not the
sensible thing to do.
Kay Bowers, Executive Director
Blount County Habitat for Humanity
